October 4, 2016
Scrapping Canada’s patchwork of income support programs and replacing them with a single “basic income” with no strings attached, would make poverty worse for everyone, says a new report.
Or if the money was used to help the poorest Canadians, it would lift adults and children out of poverty at the expense of seniors, says the report by the Canadian Centre for Policy Alternatives.
“There is no magic bullet to eliminating poverty,” said economist David Macdonald, author of “A Policymaker’s Guide to Basic Income,” being released Wednesday.
“Basic income programs can be part of the mix, but increased wages, lower unemployment for youth and better financial support for seniors also have to be part of the deal,” he added.